Exhibit 99.1

SANCHEZ ENERGY ANNOUNCES THIRD QUARTER 2014 FINANCIAL RESULTS AND UPDATES OPERATIONS;
RECORD THIRD QUARTER REVENUES RISE 37% ON 91% HIGHER PRODUCTION COMPARED TO PREVIOUS QUARTER RESULTS

Houston, Texas (November 4, 2014 — PR Newswire) — Sanchez Energy Corporation (NYSE: SN) (the “Company,” “SN,” “Sanchez Energy,” “we,” “our” or similar terms), today announced the Company’s operating and financial results for the third quarter 2014, which included the following highlights:

HIGHLIGHTS FOR THIRD QUARTER 2014

·            Record revenues of $207.4 million, an increase of 120% over the same period a year ago

·            Record production of 3,552 MBOE; an average for the period of 38,613 BOE/D

·            Net income attributable to common stockholders of $42.7 million, as compared to a net loss attributable to common stockholders of $1.6 million reported over the same period a year ago, resulting in basic and diluted earnings per share of $0.77 and $0.69, respectively

·            Adjusted EBITDA, a non-GAAP financial measure defined below, of $148.2 million, an increase of 132% over the same period a year ago

·            Adjusted Net Income, a non-GAAP financial measure defined below, of $12.8 million, a decrease of 5% over the same period a year ago

·            Liquidity of $896 million as of September 30, 2014 consisting of $596 million in cash and cash equivalents and a $362.5 million unused borrowing base (with a $300 million elected commitment amount), under our revolving credit facility

MANAGEMENT COMMENTS

Tony Sanchez, III, President and Chief Executive Officer of Sanchez Energy, commented: “Sanchez Energy reported record production, revenue and cash flow from operations driven by strong organic growth combined with the first quarter of ownership of Catarina.  The Company is in full-scale development mode at Catarina with two rigs drilling off multi-well pads on the western part of the ranch, and a third rig delineating the eastern side.

As previously reported, SN had strong results from completing nine Catarina wells which were drilled by the previous operator in the Upper Eagle Ford and averaged 1,402 BOE/D (64% liquids).  Recently, SN has brought another two Upper Eagle Ford Catarina wells online at  24 hour average production rates of 2,193 and 1,358 BOE/D, with the difference in rates attributable different choke settings during initial flowback.  All 11 wells have thus far significantly outperformed the Company’s expectations and are tracking type-curves that exceed those used for the Lower Eagle Ford in that area.

For the more recent wells that SN is drilling, the Company is utilizing longer laterals and more frack stages with significantly higher proppant concentrations per stage.  In order to accommodate the longer lead times associated with these updated completions, the company has brought in a second frack spread to work through the inventory of wells to be completed, which currently stands at 21, 11 of which are in the Lower Eagle Ford and 10 of which are in the Upper Eagle Ford.  At Catarina we are already seeing notable improvements in the pipeline network and infrastructure.  SN has already commissioned and installed additional high pressure lines to allow greater flow capacity going into one of our central processing facilities, installed flash gas compression, and made numerous minor changes to our separation and processing facilities.  During the fourth quarter, the Company plans to install additional boost compression in Catarina and add interconnect lines which will yield additional improvements and allow for significant increase of production when a large number of wells are expected to be brought online in early 2015.

Our legacy assets continue to exhibit strong performance and, most recently, at Marquis we brought online three additional Moulton-area wells with average rates of approximately 1,300 BOE/D, bringing the total to six wells, with plans to bring online an additional three well pad in the fourth quarter.

The Company has planned for and is poised to rapidly adapt to a changing commodity price environment.  As of September 30, 2014 SN had approximately $900 million of liquidity, consisting of approximately $600 million in cash and cash equivalents and $300 million in committed revolver capacity, and is currently in the process of going through a redetermination of its credit facility borrowing base, which it expects to increase from existing levels.  The Company’s substantial amount of held by production acreage and long-term leases allow it to treat the majority of capital spending as discretionary. The only significant ongoing capital commitments are Catarina’s continuous drilling provision of 50 wells per year, which can be met with 2 to 2.5 rigs per year, and the TMS where we expect to meet our well carry commitments in early 2015. We expect to have drilled in excess of the required 50 wells per year in our first year of operations at Catarina with the excess allowed to be banked and applied to subsequent years.

In light of the recent downturn in oil prices, SN has revised its preliminary 2015 capital plan range downwards to approximately $850 to $900 million, a reduction of approximately $250 - $300 million from the midpoint of the previous guidance.  Importantly, SN will focus on the development drilling of its existing multi-year inventory of high rate of return projects where it has achieved significant per well cost savings, and deemphasize step-out and appraisal drilling, yet preserve the optionality of its significant land position which is mostly held by production. This temporary reallocation of capital spending away from exploration and appraisal drilling in our Marquis and TMS areas toward development drilling does not diminish our expectations about those areas where the results we and others have experienced continue to improve and are meeting or exceeding our expectations.  As such, total production for 2015 is expected to average approximately 50,000 BOE/D , which represents a growth rate of approximately 70% when compared to expected full-year 2014 production and a fourth quarter 2014 to fourth quarter 2015 increase in excess of 25%. The Company’s anticipated 2015 capital program is expected to be fully funded through cash and cash equivalents on hand and cash flow from operations without drawing down on the Company’s availability under its revolving credit facility, assuming average oil prices of $80 per barrel and natural gas prices of $3.75 per Mmbtu.

With a history of avoiding onerous, long term contracts, we will be able to use this current environment to high grade our services and suppliers while also taking advantage of an expected softness in service costs. Specifically, we have the ability to satisfy all of our drilling commitments and continue to grow production year over year while reducing capital spending by another 25% from this revised capital spending plan if commodity prices fall materially below our current flat price deck of $80 per barrel for oil and $3.75 per Mmbtu for natural gas.  We have strategically built our operational capability to enable us to both flex upward or downward in our spending plans if the situation warrants.  As demonstrated by the revised spending plan we are, and will continue to, continuously assess the most appropriate use of our capital resources without compromising our long term financial position.”

OPERATIONS UPDATE

As detailed in the table below, Sanchez Energy currently has 13 gross rigs (eight operated and five non-operated rigs) running across its Eagle Ford and TMS areas with 458 gross producing wells and 45 gross wells in various stages of completion.

The table below summarizes the change in the revised capital spending plan showing gross rigs by each of our areas.

PRODUCTION VOLUMES, AVERAGE SALES PRICES, OPERATING COSTS PER BOE AND CAPITAL EXPENDITURES

Sanchez Energy’s mix of hydrocarbon production during the third quarter of 2014 consisted of approximately 47% crude oil, 26% natural gas and 27% natural gas liquids.  By area, Catarina, Marquis, Cotulla (excluding Wycross), Palmetto and Wycross comprised approximately 48%, 18%, 16%, 12% and 6%, respectively, of the Company’s total third quarter 2014 production volumes.

Revenue for the three months ended September 30, 2014 totaled $207.4 million, an increase of 120% over the same period a year ago, due to the addition of 339 gross new wells since the second quarter 2013, including 149 gross wells from existing operations and 190 gross wells from the acquisition of new properties.

Production, average sales prices and operating costs and expenses per BOE for the third quarter 2014 as well as guidance for the fourth quarter and full year 2015 are summarized below:

(1) Excludes stock-based compensation of $0 and $6.15 per BOE for the three months ended September 30, 2014 and 2013, respectively, and $3.64 and $6.71 per BOE for the nine months ended September 30, 2014 and 2013, respectively, and excludes acquisition costs included in G&A of $0.26 and $0.28 per BOE for the three months ended September 30, 2014 and 2013, respectively, and $0.25 and $1.86 per BOE for the nine months ended September 30, 2014 and 2013, respectively.

Sanchez Energy announced that internally estimated proved reserves increased to over 125 MMBOE as of September 30, 2014, up more than 8 MMBOE from approximately 117 MMBOE as of June 30, 2014. Crude oil constituted 47% (total liquids constituted 72%) of Sanchez Energy’s internally estimated proved reserves, and 54% of the Company’s proved reserves were classified as proved undeveloped compared to 56% as of June 30, 2014.

Capital expenditures, before estimated accruals, for the third quarter 2014 were approximately $204 million, and capital expenditures incurred during the third quarter, including accruals, were approximately $224 million.

HEDGING UPDATE

During the third quarter of 2014 and subsequent to quarter end, Sanchez Energy entered into additional derivative contracts covering anticipated future production in 2014, 2015 and 2016.  As of November 5, 2014, Sanchez Energy has approximately 5.1 million barrels of anticipated crude production and 18.6 Bcf of gas production for 2015 hedged, or approximately 8.2 MBOE, which represents approximately 45% of its anticipated total 2015 production at the mid-point of its guidance range. A schedule of all current hedges for 2014, 2015, and 2016 production is included herein.

SHARE COUNT

As of September 30, 2014, the Company had 58,560,817 total common shares outstanding with a quarterly weighted average outstanding share count of 55,732,098.  If all Series A Convertible Perpetual Preferred Stock and Series B Convertible Perpetual Preferred Stock were assumed to be converted, total outstanding shares as of September 30, 2014 would have been 71,091,512.

CONFERENCE CALL

Sanchez Energy will host a conference call for investors on November 5, 2014 at 2:00 p.m. ET (1:00 p.m. CT, 12:00 p.m. MT and 11:00 a.m. PT, respectively).  Interested investors can listen to the call by visiting our website at www.sanchezenergycorp.com and clicking on the Third Quarter 2014 Conference Call button.  Webcast, both live and rebroadcast, will be available over the internet at: http://edge.media-server.com/m/p/jbx3ggif/lan/en

ABOUT SANCHEZ ENERGY CORPORATION

Sanchez Energy Corporation is an independent exploration and production company focused on the acquisition and development of unconventional oil resources in the onshore U.S. Gulf Coast, with a current focus on the Eagle Ford Shale in South Texas where we have assembled approximately 226,000 net acres and the Tuscaloosa Marine Shale in Mississippi and Louisiana where we have assembled approximately 61,000 net acres.  For more information about Sanchez Energy Corporation, please visit our website:  www.sanchezenergycorp.com

FORWARD LOOKING STATEMENTS

This press release contains, and our officers and representatives may from time to time make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Sanchez Energy expects, believes or anticipates will or may occur in the future are forward-looking statements, including statements relating to estimates of our future production, estimates of our future hydrocarbon mix, the anticipated benefits of our acquisitions, any planned takeover of operations, and the rate of development of new plays that we enter into. These statements are based on certain assumptions made by the company based on management’s experience, perception of historical trends and technical analyses, current conditions, anticipated future developments and other factors believed to be appropriate and reasonable by management. When used in this press release, the words “will,” “potential,” “believe,” “estimate,” “intend,” “expect,” “may,” “should,” “anticipate,” “could,” “plan,” “predict,” “project,” “profile,” “model,” “strategy,” “future,” or their negatives, other similar expressions or the statements that include those words, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.

Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Sanchez Energy, which may cause actual results to differ materially from those implied or expressed by

the forward-looking statements, including, but not limited to failure of acquired assets to produce as anticipated, failure to successfully integrate acquired assets, failure to continue to produce oil and gas at historical rates, costs of operations, delays, and any other difficulties related to producing oil or gas, the price of oil or gas, marketing and sales of produced oil and gas, estimates made in evaluating reserves, competition, general economic conditions and the ability to manage and continue growth and other factors described in Sanchez Energy’s Annual Report for the fiscal year ended December 31, 2013 and any updates to those risk factors set forth in Sanchez Energy’s Quarterly Reports on Form 10-Q.  Further information on such assumptions, risks and uncertainties is available in Sanchez Energy’s filings with the Securities and Exchange Commission (the “SEC”). Sanchez Energy’s filings with the SEC are available on its website at www.sanchezenergycorp.com and on the SEC’s website at www.sec.gov.  In light of these risks, uncertainties and assumptions, the events anticipated by Sanchez Energy’s forward-looking statements may not occur, and, if any of such events do occur, Sanchez Energy may not have correctly anticipated the timing of their occurrence or the extent of their impact on its actual results.  Accordingly, you should not place any undue reliance on any of Sanchez Energy’s forward-looking statements.  Any forward-looking statement speaks only as of the date on which such statement is made and Sanchez Energy undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

CAUTIONARY NOTE TO U.S. INVESTORS

The SEC permits oil and gas companies, in their filings with the SEC, to disclose proved, probable and possible reserves.  We may use certain terms in our press releases, such as net resource potential and other variations of the foregoing terms that the SEC’s guidelines strictly prohibit us from including in filings with the SEC.  U.S. Investors are urged to consider closely the reserves disclosures in our filings with the SEC available on our website at www.sanchezenergycorp.com and the SEC’s website at www.sec.gov.  You can also obtain this information from the SEC by calling its general information line at 1-800-SEC-0330.

Company contact:

Michael G. Long
Executive Vice President and Chief Financial Officer
Sanchez Energy Corp.
713-783-8000

Gleeson Van Riet
Senior Vice President, Capital Markets and Investor Relations
Sanchez Energy Corp.
713-783-8000

(Financial Highlights to follow)

SANCHEZ ENERGY CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS DATA

(unaudited)

(1)         The Company’s restricted shares of common stock are participating securities.

(2)         Adjusted EBITDA, Adjusted Net Income attributable to common stockholders and Adjusted Net Income per common share are defined below.

(3)         For the three and nine months ended September 30, 2013, no losses were allocated to participating restricted stock because such securities do not have a contractual obligation to share in the Company’s losses.

(4)         The nine months ended September 30, 2014 excludes 1,290,637 shares of weighted average restricted stock and 13,863,738 shares of common stock resulting from an assumed conversion of the Company’s Series A Convertible Perpetual Preferred Stock and Series B Convertible Perpetual Preferred Stock from the calculation of the denominator for diluted earnings per common share as these shares were anti-dilutive.

(5)         The three months ended September 30, 2014 includes 12,607,521 shares of common stock resulting from an assumed conversion of the Company’s Series A Convertible Perpetual Preferred Stock and Series B Convertible Perpetual Preferred Stock in the calculation of the denominator for diluted earnings per common share as these shares were dilutive. In addition, the related preferred stock dividends of $4,274,445 were not deducted from net income in computing the numerator used in the calculation of diluted earnings per common share.

(6)         The three months ended September 30, 2013 excludes 863,412 shares of weighted average restricted stock in the calculation of the denominator for diluted net income per common share as these shares were anti-dilutive.

(7)         The three and nine months ended September 30, 2013 excludes 410,779 and 625,920 shares of weighted average restricted stock and 17,491,500 and 14,141,800 shares of common stock resulting from an assumed conversion of the Company’s Series A Convertible Perpetual Preferred Stock and Series B Convertible Perpetual Preferred Stock from the calculation of the denominator for diluted earnings per common share as these shares were anti-dilutive.

(8)         The three and nine months ended September 30, 2014 excludes 863,412 and 1,290,637 shares of weighted average restricted stock and 12,607,521 and 13,863,738 shares of common stock resulting from an assumed conversion of the Company’s Series A Convertible Perpetual Preferred Stock and Series B Convertible Perpetual Preferred Stock from the calculation of the denominator for diluted Adjusted Net Income per common share as these shares were anti-dilutive.

(9)         The nine months ended September 30, 2013 excludes 625,920 shares of weighted average restricted stock and 14,141,800 shares of common stock resulting from an assumed conversion of the Company’s Series A Convertible Perpetual Preferred Stock and Series B Convertible Perpetual Preferred Stock from the calculation of the denominator for diluted Adjusted Net Income per common share as these shares were anti-dilutive.

(10)  The three months ended September 30, 2013 includes 17,491,500 shares of common stock resulting from an assumed conversion of the Company’s Series A Convertible Perpetual Preferred Stock and Series B Convertible Perpetual Preferred Stock in the calculation of the denominator for diluted Adjusted Net Income per common share as these shares were dilutive. In addition, the related preferred stock dividends of $5,484,375 were not deducted from net income in computing the numerator used in the calculation of diluted Adjusted Net Income per common share.

(11)  The three months ended September 30, 2013 excludes 410,779 shares of weighted average restricted stock in the calculation of the denominator for diluted Adjusted Net Income per common share as these shares were anti-dilutive.

SANCHEZ ENERGY CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

SANCHEZ ENERGY CORPORATION

HEDGING ACTIVITY SUMMARY

As of September 30, 2014, the Company had the following crude oil swaps, collars and put spreads covering anticipated future production:

(1) In October 2014, the Company modified these crude oil swaps to create crude oil enhanced swaps.  See below for a description of the modified transactions covering anticipated future production.

As of September 30, 2014, the Company had the following crude oil enhanced swaps covering anticipated future production:

As of September 30, 2014, the Company had the following natural gas swaps and collars covering anticipated future production:

As of September 30, 2014, the Company had the following natural gas enhanced swaps covering anticipated future production:

As of September 30, 2014, the Company had the following three-way crude oil collar contracts that combine a long and short put with a short call:

As of September 30, 2014, the Company had the following three-way natural gas collar contracts that combine a long and short put with a short call:

In October 2014, the Company entered into the following crude oil swaps:

In October 2014, the Company entered into the following natural gas swap:

As noted above, in October 2014, the Company modified certain crude oil swaps to create the following crude oil enhanced swaps:

The modifications to these derivative transactions did not change the contract periods, volumes or counterparties.  Further, there were no changes to the respective fair values of each crude oil swap on the condensed consolidated balance sheet as of September 30, 2014.

SANCHEZ ENERGY CORPORATION

RECONCILIATION OF NON-GAAP MEASURES

(unaudited)

I.                Adjusted EBITDA is used as a supplemental financial measure by our management and by external users of our financial statements, such as investors, commercial banks and others, to assess our operating performance as compared to that of other companies in our industry, without regard to financing methods, capital structure or historical costs basis.  It is also used to assess our ability to incur and service debt and fund capital expenditures.  We define Adjusted EBITDA as net income (loss):

Plus:

·                  Interest expense, including net losses (gains) on interest rate derivative contracts;

·                  Net losses (gains) on commodity derivative contracts;

·                  Net settlements received (paid) on commodity derivative contracts;

·                  Depreciation, depletion, amortization and accretion;

·                  Stock-based compensation expense;

·                  Acquisition costs included in general and administrative;

·                  Income tax expense (benefit);

·                  Loss (gain) on sale of oil and natural gas properties;

·                  Impairment of oil and natural gas properties; and

·                  Other non-recurring items that we deem appropriate.

Less:

·                  Premiums paid on commodity derivative contracts;

·                  Interest income; and

·                  Other non-recurring items that we deem appropriate.

The following table presents a reconciliation of our net income to Adjusted EBITDA (in thousands):